Riyadh – Mubasher: Liva Insurance Company registered net profits after Zakat amounting to SAR 9.26 million for the second quarter (Q2) of 2026, representing a 171.04% increase from SAR 3.42 million in the same period last year.
The company attributed the growth to a rise in insurance revenues, which climbed by 67.55% to reach SAR 228.26 million during the quarter. Its performance was bolstered by business expansion in the motor and group life insurance sectors.
Insurance service results for the quarter rose by 62.84% to SAR 39.59 million, while net investment income grew by 30.01% to SAR 11.19 million. These gains were partially offset by an increase in reinsurance contract expenses and higher operating costs.
For the first six months (6M) of 2026, net profit reached SAR 16.49 million, a 213.62% increase compared to SAR 5.26 million in the prior-year period. Half-year insurance revenue totaled SAR 411.32 million, up from SAR 261.37 million.
Earnings per share (EPS) for the six-month period improved to SAR 0.41 from SAR 0.13.
Total shareholders' equity stood at SAR 495.17 million as of 30 June 2026, while accumulated retained earnings rose to SAR 20.74 million.
In May, Liva Insurance KSA appointed Mohamed Mahmood Al Tooblani as the new CEO.
